Technological Innovation and Value Creation of Enterprise Innovation Ecosystem Based on System Dynamics Modeling

Abstract

Based on the analysis of the dynamic interrelationships of enterprise innovation factors according to system dynamics, we build a dynamic causality diagram and a flow graph model of the enterprise innovation ecosystem to study the potential business value creation paths focusing on technological innovation. The system model is simulated using data from high-tech enterprises. Our results show that the model can reasonably simulate the operation of the enterprise innovation ecosystem. Two paths to value creation are identified: (1) input-technological innovation-commercialization of results-value creation; (2) external acquisition of technology-digestion and absorption-value creation as a complementary path. Also, the technological innovation path expands and extends the industrial chain and supply chain of enterprises and better promotes the value creation of enterprises in the same supply chain. Furthermore, our results show that R&D investment and technical cooperation investment should be allocated rationally in order to improve the utility of value creation investment.